WHAT IS STP REPORTING?

Hello,

Entities that employ workers and pay them regularly need to comply with STP reporting guidelines in Australia. The process of reporting about the information related to the payments made to the employees, the amounts withheld and the super contributions made by the employer is called STP reporting. The report must include information about gross salary, paid leave, remuneration to the director, salary sacrifice, overtime, allowances, etc. Employers need to provide this information about every employee whether they are working full time or part time. The use of STP-enabled software automates the process and makes the task of bookkeepers a lot easier. To know more about it, read the article shared below.

https://www.agibookkeeping.com.au/what-is-stp-reporting/